FINRA Fines Former Merrill Lynch Employee $5,000 for Not Reporting Crypto Mining Activity

News

Merrill Lynch had informed FINRA about Kyung Soo Kim failing to tell bosses about his mining activities, which flouted rules. The United States regulatory body, the Financial Industry Regulatory Authority (FINRA), has charged one of Merrill Lynch’s staff $5,000 for mining cryptocurrency. Documents dated June 10 confirm the fine.According to the “letter of acceptance, waiver and consent” signed by the employee, Kyung Soo Kim, FINRA took action when it appeared the activities did not comply with its rules associated staff.Kim, who previously had no disciplinary record, should have informed FINRA in writing when he set up a separate outfit for…
Click Title Below To Read Details From Source:
FINRA Fines Former Merrill Lynch Employee ,000 for Not Reporting Crypto Mining Activity

Leave a Reply

Your email address will not be published. Required fields are marked *